HSBC China Wealth Insights: Dialogue with PIMCO Global Chief Investment Officer: How to Seize Investment Opportunities in a K-shaped Economy and the AI Wave? | Wealth Exchange "Hui"

The global economy successfully withstood the pressures from tariffs in 2025. Looking ahead to 2026, driven by increased investments in AI (artificial intelligence) and productivity improvements, the short-term growth outlook remains resilient overall. However, there are still significant differences in performance among different companies, sectors, and regions, with a clear “K-shaped” divergence.

After a strong market performance in 2025, current stock market valuations are relatively high, and credit spreads have narrowed. In this environment, investors need to be more cautious and focus more on bottom-up portfolio construction. High-quality fixed income assets can still offer attractive potential yields and provide opportunities for diversified global allocation.

In this edition of Wealth Insights, we are pleased to invite:

To explore economic trends and investment insights from multiple perspectives through in-depth discussions.

The above exciting content comes from HSBC China Wealth Insights. For more information, click on [HSBC China Wealth Insights Column].

Source: PIMCO, January 2026.

The views shared by the invited guests are solely their personal (or their organization’s) opinions and do not represent HSBC’s views. They should not be considered as HSBC’s opinions or advice. Investment involves risks; please proceed with caution.

Risk Warning and Disclaimer

Markets are risky; investments should be cautious. This article does not constitute personal investment advice and does not consider individual users’ specific investment goals, financial situations, or needs. Users should consider whether any opinions, views, or conclusions in this article are suitable for their particular circumstances. Investment is at your own risk.